Several Issues regarding Guarantee Companies in China
November 10, 2008 | BY
clpstaff &clp articlesSun HuiRun Ming Law [email protected] guarantee is a new and rapidly developing industry in China. In the world's financial crisis, PRC…
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Sun Hui
Run Ming Law Office
[email protected]
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redit guarantee is a new and rapidly developing industry in China. In the world's financial crisis, PRC government's supervision on this high-level risk industry is more and more advocated by researchers, enterprises and government organs.
Type of CGCs Generally Mentioned
Based on current PRC regulations and rules, there are four types of credit guarantee companies (CGCs) which are mentioned:
CGCs for small and medium size enterprises (CGCSME) is one type